Tech firm VNG launches tier III data center in HCMC

By Tri Duc

Sat, December 17, 2022 | 11:11 am GMT+7

VNG Corporation launched its tier-III VNG Data Center in Tan Thuan Export Processing Zone, District 7, Ho Chi Minh City on Friday.

VNG Data Center in District 7, Ho Chi Minh City. Photo courtesy of VNG.

With Uptime Tier III certification for Tier Certification of Design Documents (TCDD) and Tier Certification of Constructed Facility (TCCF), the facility is among the top three most modern data centers in Vietnam. It can provide flexible, secure, and reliable access to data storage and data solutions to local and global businesses.

Initially, the 7,800-square-meter data center features 410 racks for installing servers with a designed capacity of up to 10 kW per rack. The facility is set to expand to 1,600 racks to facilitate digitalization in the Southeast Asian nation.

Prior to this data center, the two that meet Uptime Tier III in Vietnam are CMC Data Center Tan Thuan also in Tan Thuan Export Processing Zone and ecoDC in Hanoi.

Vietnam can become a major global data center market given the country's political stability, absence of terrorism, and low incidence of natural disasters, according to Cushman & Wakefield.

Vietnam currently runs about 27 data centers of various sizes and qualities in major cities. Overall, the market is estimated at about 45 megawatts, in terms of power supply to run the centers, Cushman & Wakefield data showed.

Tags:

Vietnam

HCMC

VNG

data center

Tan Thuan

Comments (0)

Latest|Most liked

Tags:

Leading broker VPS launches new brand identity

VPS Securities JSC (VPS), a leading broker in Vietnam, officially unveiled its new brand identity on Monday.

Companies - Mon, December 16, 2024 | 3:12 pm GMT+7

VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.

Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7

Masan Consumer promotes Vietnamese cuisine to international friends

Masan Consumer, the consumer goods arm of Masan Group, recently showcased its products at the 2024 International Food Festival in Hanoi, helping promote the unique cuisine of Vietnam to visitors from across the globe.

Companies - Mon, December 16, 2024 | 11:08 am GMT+7

Dairy giant Vinamilk to spend over $41 mln on interim dividend payment

Vinamilk, the largest dairy firm in Vietnam, plans to spend VND1.045 trillion ($41.3 million) to pay interim cash dividends to shareholders for the second phase of 2024 at a rate of 5%, according to the company.

Companies - Mon, December 16, 2024 | 10:43 am GMT+7

Universal Scientific Industrial to expand Vietnam investment to $290 mln

Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will increase its investment in Vietnam to $290 million.

Industries - Mon, December 16, 2024 | 10:33 am GMT+7

Vietnam property market in the hands of large developers: Savills

Throughout this year, the Vietnamese real estate market has only truly been active for large, well-established developers, according to Savills Vietnam.

Real Estate - Mon, December 16, 2024 | 8:17 am GMT+7

Top 50 signals the recovery of Vietnam's economy

Vietnam's Top 50 Best-performing Companies of 2024 have solid fundamentals, strong management, and substantial room for growth, says Nguyen Thanh Thao, CEO of Thien Viet Securities Joint Stock Company (TVS).

Companies - Mon, December 16, 2024 | 8:00 am GMT+7

Investment policy adjusted for $59 mln wind power project in central Vietnam

Quang Tri province authorities recently approved an adjustment to the investment policy for Hai Anh wind power plant project, with Hai Anh-Quang Tri Wind Power JSC as its investor.

Energy - Sun, December 15, 2024 | 10:06 pm GMT+7

Latvian man on trial for running loan shark ring with 1,380% interest rate

The Ho Chi Minh City People’s Court is holding the first-instance trial of Aigars Plivės, a 39-year-old Latvian national, for engaging in illegal lending through online platforms with interest rates as high as 1,380% per year, earning VND4.15 trillion ($163.35 million) in illicit profits.

Society - Sun, December 15, 2024 | 8:11 pm GMT+7

Vietnam interest rates under rising pressure to go north in 2024: central bank

Vietnam’s banking sector will face significant challenges in the near future, including mounting pressure for higher interest rates, amidst global economic uncertainty and domestic economic risks, says Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Banking - Sun, December 15, 2024 | 2:17 pm GMT+7

Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares

Tran Phuong Ngoc Thao, vice chairwoman of Phu Nhuan Jewelry JSC (PNJ), has registered to purchase 4 million PNJ shares between December 18 and January 16, 2025.

Finance - Sun, December 15, 2024 | 10:20 am GMT+7

Exchange rate to cool down, deposit interest rates to inch up by year-end: broker

While the VND/USD exchange rate may cool off toward the VND25,000 mark, interest rates on savings could see modest increases over the rest of the year, broker MB Securities (MBS) said in its latest macroeconomic report.

Banking - Sun, December 15, 2024 | 10:03 am GMT+7

US policy changes likely to impact Asia and Pacific growth

Asia and the Pacific’s economic growth will remain steady this year and next, but expected U.S. policy changes under the incoming administration of President-elect Donald Trump are likely to affect the region’s longer-term outlook, write Asian Development Bank (ADB) analysts in the latest edition of Asian Development Outlook (ADO).

Consulting - Sun, December 15, 2024 | 8:00 am GMT+7